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Level 3
posted Jun 6, 2019 12:07:25 AM

Ira contributions - can i first establish an ira and contribute to it before April 15, 2019 ( i don't have one yet) or does the ira have to be established before 12/31/18

i assume the only step I need to do is to make sure the custodian opens it as a 2018 contribution, correct?

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1 Best answer
New Member
Jun 6, 2019 12:07:26 AM

You can establish and contribute to an IRA all the way until tax filing day (4/15/19) to receive the tax benefit for 2018. 

Your custodian does need to designate it as a 2018 contribution.

2 Replies
New Member
Jun 6, 2019 12:07:26 AM

You can establish and contribute to an IRA all the way until tax filing day (4/15/19) to receive the tax benefit for 2018. 

Your custodian does need to designate it as a 2018 contribution.

Level 3
Jun 6, 2019 12:07:26 AM

thank you